by Peter Cooper, Arabian Money:
Famously controversial futurologist, economist and business cycle expert Martin Armstrong, who forecast ‘$ 5,000+’ an ounce gold for 2016 on November 7th 2009 more than five years ago, now says gold touched rock bottom last week.
His website comment last week said: ‘If we hold $ 1,084 for the weekly closing, then we can see a two week bounce and everyone will proclaim the low, so hurry up and buy more.’
Gold’s rising now
Gold bounced back to $ 1,099 at the close of last week, comfortably beating this bottom-marker and proclaiming the end of the recent sell-off.
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